Parade Technologies (4966) Q1 2026 earnings summary

Executive summary

• Q1 2026 consolidated revenue was $126.14 million, with net income of $16.73 million and EPS of $0.21, nearly flat year-over-year and sequentially.

• Consolidated financial statements for Q1 2026 and 2025 were reviewed with no material misstatements identified by independent accountants.

• The group operates in a single segment, focusing on high-speed interface standards, touch controllers, and display processing ICs for computers and consumer electronics.

• Product launches included industry-first single-chip touch with T-Con embedded driver solutions and new high-speed Ethernet redrivers.

• Automotive and data center segments are expected to contribute more in the second half of 2026.

Financial highlights

• Q1 2026 revenue was $126.14 million (NT$3,989,734 thousand), up 0.74% sequentially but down 0.07% year-over-year.

• Net income for Q1 2026 was $16.73 million (NT$529,160 thousand), down from $20.19 million (NT$664,101 thousand) in Q1 2025.

• Gross profit for Q1 was $50.83 million, down 3.41% sequentially and 5.38% year-over-year; gross margin for Q1 2026 was 40%, compared to 43% in Q1 2025.

• Basic EPS for Q1 2026 was $0.21 (NT$6.77), down from $0.25 (NT$8.38) year-over-year.

• Cash and cash equivalents as of March 31, 2026 were NT$10,960,363 thousand, up from NT$9,644,907 thousand a year earlier.

Outlook and guidance

• Q2 2026 revenue guidance: $127 million–$141 million.

• Q2 gross margin guidance: 40%–44%; operating expense: $33 million–$36 million.

• Second half of 2026 expected to be stronger than first half, with new products and segments contributing.

• Gross margin expected to improve in Q3/Q4 as price adjustments and product mix changes take effect.

• Management expects continued focus on high-growth markets such as data centers, AI-powered computing, and next-generation consumer electronics, supported by the acquisition of Spectra7 Microsystems Inc.